with our trade panel dan griswold director of the immigration program at george university and nathan resnick ceo of sourcify which matches companies with factories around the world. nathan, i want to ask you first, is there a long-term move out of china happening? >> definitely. through the past ten years i've been in and out of china you see factories opening facilities outside of china, in vietnam and in the philippines as well as american businesses now shifting production outside of china, and this has been a continuous trend that is sparked by the trade tariffs. >> greg, in the short term, here's what i wonder who knows, i love your thinking on what you think is happening maybe this weekend with the tariffs. they've gone into effect i thought the market would have reacted more strongly to that. it's kind of shrugging it off. is that because this round of tariffs is already priced into the market or they think it's a story that will play out in the long run >> a bit of both the last year all these protectionist developments unfolded not just with china but on steel and autos the market t